Will double the frequency of policymaker forecasts for economic growth, unemployment and inflation
More housing pain ahead. Fed chief says
Economic expansion to slow, Fed says
Size of cut remains very unclear, says BCA research
Modest to moderate increases in consumer spending reported
25 bps of that could come by Sept. 18
Bush moves to aid U.S. homeowners
J.P. Morgan Chase & Co., Bank of America Corp., and Wachovia Corporation jointly announced that they have made use, on a limited basis, of the discount window facility announced by the Federal Reserve Board late last week.In transactions intended to display the effectiveness of the facility, J.P. Morgan Chase, Bank of America and Wachovia each […]
Friday’s surprise cut to the discount rate by the U.S. Federal Reserve Board could yet lead to a future cut in the Fed funds rate, possibly even an inter-meeting move, say Bay Street economists.The Fed surprised markets by announcing a 50 basis point cut in its discount rate today, in an effort to cool markets. […]
Rate drops to 5.75%